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Corporate Debt

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  • LONDON, Dec 17- Russian oil giant Rosneft is expected to repay a $7.6 billion portion of a bridge loan that matures on Sunday, bankers close to the deal said. The loan is part of a larger $12.7 billion, two-year bridge loan signed in December 2012 that backed Rosneft's acquisition of oil company TNK-BP. The loan providers are confident the repayment will happen,...

  • MOSCOW, Dec 17- Russia's Norilsk Nickel, the world's largest nickel and palladium producer, plans to raise a $250- million loan from Unicredit bank, the company said on Wednesday.

  • Investors in beat-up oil bonds lean on banks for rescue Wednesday, 17 Dec 2014 | 1:00 AM ET

    BOSTON, Dec 17- Independent oil exploration and production companies are leaning heavily on bank credit lines to survive plunging crude prices, making it a nervous time for U.S. funds holding their junk-rated debt. 'said Francis Bradley III, a Greenberg Traurig attorney in Houston who specializes in energy company financing deals. " U.S. mutual funds hold an...

  • Dec 15- GT Advanced Technologies Inc altered its settlement with former partner Apple Inc to produce more near-term cash to support its emergence from bankruptcy, a lawyer for the sapphire maker told a court on Monday. The new terms should be worth $50 million more than the original settlement, according to an attorney for GT noteholders, providing financing...

  • Are Russia’s bonds the next big worry? Sunday, 14 Dec 2014 | 9:02 PM ET

    Russia is among the worst hit by oil's decline, but clean living may keep government finances on an even keel. Its corporate debt may be another matter.

  • Dec 11- Shares of LendingClub Corp, the world's largest online marketplace that connects borrowers and investors, rose as much as 67 percent in their debut, valuing the company at more than $9 billion. The initial public offering of 58 million shares raised $870 million after being priced at $15 per share, well above the expected range of $12- $14.

  • Loan platform operator LendingClub's shares soar in debut Thursday, 11 Dec 2014 | 10:45 AM ET

    Dec 11- Shares of LendingClub Corp, the world's largest online marketplace that connects borrowers and investors, rose as much as 67 percent in their debut, valuing the company at more than $9 billion. The initial public offering of 58 million shares raised $870 million after being priced at $15 per share, well above the expected range of $12- $14.

  • *SMBC to buy Citi's Japan retail operations for about $330 m- sources. *Citi also in talks to sell its Japan card unit with others- sources. Citi's Japan consumer banking business has been hurt by weak loan demand and falling interest margins in a market where the U.S.-based lender has operated for over 100 years.

  • Dec 8- Teen apparel retailer Delia* s Inc filed for Chapter 11 bankruptcy protection and said it had hired advisers to help liquidate its assets. Delia* s said on Monday Salus Capital Partners LLC will give it a $20 million debtor-in-possession credit facility to continue operations, conduct store closings and closeout sales. The case is In re: Delia* s Inc, U.S....

  • Italy: A further downgrade would be a problem  Monday, 8 Dec 2014 | 4:00 AM ET

    S&P downgraded its rating on Italian debt down to 'BBB -'. Charles Diebel, head of Macro Strategy at Aviva Investors, says that unless there's a further downgrade, Italy doesn't need to worry.

  • PARMA, Italy, Dec 5- Italy's top appeals court on Friday threw out jail sentences against prominent bankers Cesare Geronzi and Matteo Arpe in a case related to the country's biggest corporate scandal, the 2003 collapse of dairy group Parmalat. Prosecutors said that, in return for a loan, Banca di Roma put pressure on Parmalat to buy Ciappazzi above the market price...

  • Apparel retailer Delia*s to file for bankruptcy Friday, 5 Dec 2014 | 9:35 AM ET

    Dec 5- Teen apparel and accessories retailer Delia* s Inc said it was liquidating assets and would file for Chapter 11 bankruptcy protection "in the very near term," wiping out more than 85 percent of its market value. New York- based Delia* s, which launched a review of strategic alternatives in September, said it was unable to sell itself or secure financing to allow it...

  • *U.S. Esmark Inc says interested in plant. BELGRADE, Dec 5- Serbia is inviting bids for an 80- percent stake in a loss-making steel mill, aiming to ease pressure on the country's finances. But in a loan deal with the International Monetary Fund agreed last month, the government committed to cut subsidies in order to curb the deficit and cap debt seen at 70 percent of...

  • SYDNEY, Dec 4- Copper futures strengthened in early Asian trade on Thursday, underpinned by data showing the services sector in China grew marginally faster in November. *Suspected metals fraud in China sparked claims of betrayal by both U.S. bank Citigroup Inc and trade house Mercuria over who would absorb about $270 million in exposure to financing deals, a...

  • CNBC's David Faber speaks to Jim Casey, JPMorgan global head of debt capital markets, about concern over oil prices stopping firms from paying off debt and causing a ripple effect in the market.

  • RadioShack shares fall after covenant breach claims Tuesday, 2 Dec 2014 | 2:57 PM ET

    RadioShack rejected claims that it breached covenants on a $250 million term loan.

  • NEW YORK, Dec 2- Arab Bank Plc, found liable in a U.S. civil court of providing material support for Hamas, urged an appeals court on Tuesday to block thousands of non-U.S. citizens from pursuing similar claims that it financed terrorism. In September, a federal jury in Brooklyn found Arab Bank liable in what lawyers described as the first terrorism financing civil...

  • NEW YORK, Dec 2- Arab Bank Plc, found liable in a U.S. civil court of providing material support for Hamas, urged an appeals court on Tuesday to block thousands of non-U.S. citizens from pursuing similar claims that it financed terrorism. In September, a federal jury in Brooklyn found Arab Bank liable in what lawyers described as the first terrorism financing civil...

  • Misfit, which claims to make the biggest-selling activity and sleep tracker in China, said on Tuesday it has raised new financing from Xiaomi, e-commerce company JD.com Inc, and venture-capital firms GGV Capital and Shunwei. But the deal with Misfit would be the first instance of the company investing in a U.S.-based wearables company as it pursues its...

  • Dec 2- RadioShack Corp said lender Salus Capital Partners' claims that the troubled electronics retailer breached covenants on a $250 million term facility were "wrong and self serving." Trading in RadioShack's shares was halted. The claims were related to a recapitalization and investment agreement and an amendment to the company's credit facility on Oct. 3,...